AI summary
CPI for all items rises 0.2% in July; shelter up
Issuer U.S. Bureau of Labor Statistics · Published
This text is not the issuer's. It was produced by a language model from the official document, then checked automatically against DFIN's neutrality rules. The title above is carried verbatim.
The U.S. Bureau of Labor Statistics reported that the CPI-U increased 0.2 percent in July on a seasonally adjusted basis, after rising 0.3 percent in June, and rose 2.7 percent over the 12 months ending July before seasonal adjustment. The agency stated that shelter rose 0.2 percent and was the primary factor in the monthly increase, while food was unchanged and energy fell 1.1 percent, with gasoline down 2.2 percent. The index for all items less food and energy rose 0.3 percent in July following a 0.2-percent increase in June, and was up 3.1 percent over the last 12 months. BLS also noted increases in medical care, airline fares, recreation, household furnishings and operations, and used cars and trucks, while lodging away from home and communication were among the few major indexes that decreased.
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